Mark Cuban Invests in Decentralized Data Marketplace

It seems Mark Cuban has his finger on the pulse of the ongoing bitcoin sustainability debate. The billionaire investor has joined dClimate, a decentralized network for climate data, as an investor and strategic advisor.

Cuban’s investment follows a $3.5 million seed round in April, led by CoinFund and Multicoin Capital. dClimate’s founding partner Sid Jha declined to share the terms of Cuban’s investment.

The platform aims to be a decentralized marketplace for climate data, forecasts and models – connecting data publishers with buyers. It has a built-in mechanism to score the reliability of data as it is submitted, making the data more transparent. 

Cuban has been a vocal proponent of crypto investment and adoption for years. His investment in dClimate, done through his venture capital group, Radical Investments, is one in a string of investments in crypto data startups. However, this investment is the first that indicates Cuban is listening to the environmental concerns  touted by figures like Elon Musk.

Cuban sees blockchain technology and smart contracts as a way to ensure the reliability and transparency of climate data. He’s also interested in the startup’s history working with Arbol, a New York-based insurance company, to offer weather insurance.